Fidelity GNMA Fund (FGMNX)
| Fund Assets | 1.72B |
| Expense Ratio | 0.45% |
| Min. Investment | $0.00 |
| Turnover | 639.00% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.63% |
| Dividend Growth | -3.66% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 31, 2026 |
| Previous Close | 10.32 |
| YTD Return | 1.09% |
| 1-Year Return | 6.03% |
| 5-Year Return | 1.30% |
| 52-Week Low | 10.09 |
| 52-Week High | 10.55 |
| Beta (5Y) | 0.25 |
| Holdings | 1916 |
| Inception Date | Nov 8, 1985 |
About FGMNX
Fidelity GNMA Fund is a mutual fund designed to provide investors with a high level of current income while maintaining prudent investment risk. Its primary focus is on securities issued by the Government National Mortgage Association (Ginnie Mae), with at least 80% of its assets invested in Ginnie Mae mortgage-backed securities and related repurchase agreements. The fund may also hold other U.S. government securities and instruments issued by entities chartered or sponsored by Congress, though these are not necessarily backed by the U.S. Treasury. Catering to the intermediate government bond category, the fund exhibits relatively high credit quality and moderate interest rate sensitivity, as reflected in its effective duration of approximately five years. With over 2,000 bond holdings and significant diversification, Fidelity GNMA Fund plays a vital role in providing exposure to U.S. government-backed housing debt. This makes it an important component for market participants seeking to balance income generation with stability. The fund distributes income monthly and generally appeals to those seeking reliable cash flow and lower credit risk within the fixed income segment of their portfolios.
Performance
FGMNX had a total return of 6.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.25%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VFIIX | Vanguard | Vanguard GNMA Fund Investor Shares | 0.21% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 31, 2026 | $0.03175 | Jun 1, 2026 |
| Apr 30, 2026 | $0.0314 | May 1, 2026 |
| Mar 31, 2026 | $0.03107 | Apr 1, 2026 |
| Feb 27, 2026 | $0.03111 | Mar 2, 2026 |
| Jan 30, 2026 | $0.02827 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02948 | Jan 2, 2026 |